PARKS FOUNDATION OF MIAMI-DADEINC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

CAROLINE O CONNOR

Phone

3057557800

Tax Period

2024-01-01 to 2024-12-31

PARKS FOUNDATION OF MIAMI-DADEINC, founded in 2004, is a small nonprofit in the Recreation & Sports sector that reported $178K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $79K, a strong 44% operating margin.

Mission

TO FOSTER THE RECREATIONAL, EDUCATIONAL, ENVIRONMENTAL AND CULTURAL LIFE OF THE MIAMI-DADE COUNTY COMMUNITY BY ENCOURAGING AND SOLICITING SUPPORT FOR OUR COUNTY'S PARK SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $53,715 Revenue: $11,600

THE PARKS FOUNDATION PROVIDES ADDITIONAL SUPPORT FOR VOLUNTEERS, BEACH AND NATURE CENTER CLEAN-UP AND BEAUTIFICATION PROJECTS UTILIZING SPECIAL EVENTS THAT PROVIDE RICH AND DIVERSE CULTURAL...

THE PARKS FOUNDATION PROVIDES ADDITIONAL SUPPORT FOR VOLUNTEERS, BEACH AND NATURE CENTER CLEAN-UP AND BEAUTIFICATION PROJECTS UTILIZING SPECIAL EVENTS THAT PROVIDE RICH AND DIVERSE CULTURAL EXPERIENCES FOR RESIDENTS AND VISITORS. THE PARKS FOUNDATION ALSO PROVIDES EDUCATIONAL PROGRAMS FOR CHILDREN RELATED TO BIKE, SWIMMING SAFETY, ECO ADVENTURES AND SEA TURTLES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,103

Program Service Revenue $0

Investment Income $33,697

Other Revenue $120,471

TOTAL REVENUE $178,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,037

Program Expenses $53,715

Other Expenses $99,595

TOTAL EXPENSES $99,595

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,271	$492,425	-0.6%
Expenses	$99,595	$526,656	-0.8%
Net Income	$78,676	$-34,231	-3.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLINE O CONNOR	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOSE FELIX DIAZ	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
DANLYS HERNANDEZ	SECRETARY	3.00	Officer Director	$0	$0	$0
MAIRA DIAZ GIUSTI	TREASURER	3.00	Officer Director	$0	$0	$0
LOREN PARRA	DIRECTOR	1.00	Director	$0	$0	$0
DWIGHT STEPHENSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA WHITE	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$178,271	$99,595	$1,555,335	$78,676
2023	$492,425	$526,656	$1,837,335	$-34,231
2022	$572,735	$520,852	$1,806,329	$51,883
2021	$366,768	$460,412	$1,440,735	$-93,644
2020	$1,283,849	$1,067,995	$1,487,518	$215,854
2019	$448,247	$583,117	$1,313,944	$-134,870
2018	$374,209	$455,574	$1,842,011	$-81,365